Australian immigration program by Visa 188 and 7 frequent questions

Australia is a country famous for its developed economy, high quality education, good living conditions and social security. This is an extremely ideal country for settlement and business development. Realizing the development potential of this country, investors all around the world increasingly have a tendency of investing in Australian settlement program.

What programs do Australian immigration investment programs – Visa 188 include?

From 1 July 2021, the business and immigration programs in Australia will be simplified from 9 to 4 types of visa. In particular, the Visa 188  type continues to receive applications. Visa 188 program has 3 investment forms, including:

• Creative Entrepreneur Program – Visa 188A
• Investment Program – Visa 188B
• Key Investor Program – Visa 188C

What are the new changes in the 188 Visa Program?

The Australian Department of Immigration has started to apply new policies for the Australian Visa 188 Immigration program. From July 1, 2021, the immigration policies and conditions have changed, specifically as follows:

Visa 188A – Creative Entrepreneur Program 

Visa 188A is for investors with business ability. Entrepreneurs who want to establish and develop a business in Australia will be suitable for this program.

Visa 188B – Investment program

 After July 1, 2021, the committed investment is AUD 2.5 million. Subclass 188B investments must be legally purchased and be transferable to Australia within 2 years of the visa being granted. Those investments include:

– At least AUD 500,000 in venture capital/private equity fund

– At least AUD 750,000 in approved management funds (this fund invests in growing businesses)

– At least AUD 1.25 million is invested in bonds, stocks,…

Visa 188C – Key Investment program 

The investment level in Visa 188C remains the same at 5 million AUD. However, the proportion of capital invested in projects will change compared to before.

– Venture capital/private equity funds increased to 20% (AUD 1 million) instead of 10% (AUD 500,000) as before

– Investment capital in growing businesses remains at 30% (AUD 1.5 million)

– 50% (2.5 million AUD) of the remaining investment capital will be invested in stocks, bonds,…

What are the application conditions?

   Conditions for submitting an application include:

• Investor nominated by an Australian State or Territory government agency before applying
• Have at least AUD 800,000 in total assets
• Pass the skill assessment with a minimum score of 65
• Maximum age is 55 years old
• Have not canceled any previous visas and have complied with the conditions of the previous visas
• Meet health and character requirements
• Meet language requirements (English)
• Own at least one business

How can I value my property?

Popular types of assets such as real estate, corporate assets must be appraised by an independent auditing and valuation unit having a practicing certificate in this field.

What types of assets can be used for financial proof purposes?

Popular asset classes are selected include:

– Real Estate

– Corporate assets

– Saving

– Shares

All of the above assets must be in the name and ownership of the applicant and/or accompanying spouse.

What are the benefits of Visa 188?

How long does it take to process an Australian immigration visa by investment?

Approximately 8 to 10 months from the time of applying for a visa

This time includes all the steps: Submit application for state gurantee (1 month) and the official processing time of the Australian Immigration Department (6-9 months).

About Portico & Bridge

Portico & Bridge is a leading European immigration consultant, with more than 35 years of experience and a team of more than 50 professionals worldwide.

For more information about the Australian immigration program and other investment programs, please contact Portico & Bridge for detailed support.

Call us now at 0909.898.758

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